comparision b/w old and new generation banks
TRANSCRIPT
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Primary Function-
Accepting Deposits
Lending Money
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Fixed Deposit
Savings Bank Deposit
Recurring Deposit
Current Deposit
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Loans
Cash Credits
Overdrafts
Bills Discounted and Purchased
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Orange savings account
Advantage salary account
Aspira Corporate Salary Account
Orange salary account
Solo savings account
Saral savings account
General savings account Freedom account
ING Formula Savings account
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Aspira Corporate Salary solution
aimed at corporates
Automated salary upload
Complimentary upgrade to ING Platina
Preferred Banking for senior employees
Special pricing on loans (based on company
categorisation)
Priority servicing at any branch
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As an introductory offer, you will getcomplimentary entry passes to over 30
exclusive night clubs across eight cities.
Fill fuel across in any petrol pump in Indiaand get the 2.5% surcharge waived
Whenever there is a Formula 1 race
anywhere in the world, there is a race foryou as well. Shop using your ING Formula
debit card on the day of the race and top 25
spenders for the race day wins vouchers from
ING
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3 winners Gift vouchers worth Rs 5000/-
10 runner ups Gift vouchers worth Rs
2000/- 12 second runner ups Gift vouchers
worth Rs 1000/-
12 second runner ups Gift vouchers worth
Rs 1000/-
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INNOVATIVE DEPOSITS:
KAMADHENU DEPOSIT
TAX SAVING PRODUCTS
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ELIGIBILITY : Individual, Joint (not more
than 4), a Guardian on behalf of a minor,
HUF, Partnership, a Company, Association or
any other Institution
INVESTMENT : Minimum Rs.1000/-
Maximum - No ceiling
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PERIOD OF DEPOSIT :
Minimum 5 monthsMaximum 120 months
INTEREST RATE :Depending upon the periodicity of the deposit
EXTRA FACILITY : Facility of part withdrawal ofdeposits in units of Rs.1000/- keeping the rest ofthe deposit to earn contracted rate of interest,available.
Interest compounded quarterly
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ELIGILIBILITY:
Individual Account can be in the name of the
individual for himself or in the capacity of the
Karta of a Hindu undivided family (HUF)
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INVESTMENT : Minimum - Rs.100/-(In multiples of
Rs.100/- thereafter)
Maximum - Rs.1, 00,000/- per person
PERIODICITY OF DEPOSIT : 5 YEARS
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INTEREST RATE : Presently, 7.25% per annum
EXTRA FACILITY: Deduction from income upto
Rs.1 lakh under Sec.80C of The I T Act, 1961;
Higher rate of interest.
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INNOVATIVE ADVANCE PRODUCTS:
TEACHERS LOAN
CAN MAHILA
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Purpose: To meet any genuine personal
needs.
Eligibility: All confirmed teaching / non-
teaching staff working in a school / college -
drawing salary through our branches
Quantum :6 months' gross salary or
Rs.1,00,000/- whichever is less.
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Processing Charges:1% of the loan amountwith a minimum of Rs.50/- .
Repayment :Upto 60 months. EMIs also possible
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ELIGIBILITY:
Aged between 18 and 55 years, Married or
single, Non salaried (housewives also),
Engaged in business or self-employed.
LOAN AMOUNT: UPTO RS,25000/-
PROCESSING FEE: 0.5% of loan amount
(minimum Rs.100/- & maximum Rs.500/-)
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INNOVATIVE DEPOSITS :
ADVANTAGE WOMAN SAVINGS ACCOUNT
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FEATURES:
Zero Balance facility with a RD of just Rs. 2,000.**Now just maintain a Recurring Deposit of Rs. 2,000 with
ICICI and get a hassle free zero balance savings account.
A Special International Woman's Debit card along withthe account with a withdrawal / spending limit of Rs.
25,000 per day.
Gamut of discounts and benefits on Special Woman'sDebit card.
Payable-at-par chequebookWith the Advantage Woman account, you get a free, multi-
city cheque book.
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Eligibility: Resident Indian Woman, >18yrs
Minimum average quarterly balance :
Rs.10,000
Charges for non maintenance of minimum
quarterly average balance : Rs.750 per
quarter
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Baroda Loan to Doctors-for projects related to setting up / expansion of nursinghome / hospital / clinic and pathological lab etc.
-demand / term loan and / or overdraft Baroda Fast Access Deposit Scheme
An additional 0.50% interest for senior citizens
-overdrawing of account up to 95% of deposits
-Join this deposit product with a minimum deposit of Rs.
10,000/-
-Subsequent deposits in multiples of Rs. 1000 (under RIRD
plan).
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Baroda Ashray
Should be the owner of a residential property
(house or flat) located in India in his/her own
name The Commercial property will not be taken
as a security under the product
Married couples will be eligible as joint
borrowers provided one of them is above 60years of age and age of spouse is not below
55 years at the time of application.
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Gen-Next Junior (Saving Account)
This is a Special kind of Savings Bank Deposit product for
children to be made available in Gen-Next Pune branch.
Minor above 10 years can open the account in the sole name
QAB: Rs 500/-
Charges for non-maintenance of QAB is Rs 50/ per quarter only
Take Over of Accounts
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SuperSavings Account
1. Minimum balance of 5000
2. Instant banking
3. Family account
4. Bank on the move5. Travel and gift solutions
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DBI Super Shakti Account for Women
1. Account opening balance of Rs 1000/-
2. AQB of 5000
3. A zero balance account for your child
4. Locker service at a concessional rate.
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SWEEP IN & SWEEP OUT DEPOSITS
Offers it over a cut off limit in CA/SB a/c.
Min amt as per a/c held.
Term deposits can also be converted.
Int rates - applicable to term deposits
Tenor 30 days to 24 months.
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RECURRING / FLEXI RECURRING DEPOSIT
Higher return with flexibility of varying monthly
instalments
Op bal Rs 1000
Tenor 7 days to 120 months
Recurring deposits are treated as units of Rs100.
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LOAN AGNST RENT RECD
To landlords
Loan or OD
Rs 5lacs to RS 100 lacs
Margin 25%
Repayment - rental income
Security Property let out.
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LOAN AGAINST MUTUAL FUNDS
Solve liquidity problem without liquidating long terminvestment.
Security Mutual Fund unit
Amt Rs 20 lacs
Margin 50% of the repurchase value.